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RE Required information [The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented
RE Required information [The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Credit Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense Debit $ 8,800 13,800 5,760 2,800 $ 1,800 10,000 4,800 43,560 29,000 $60,160 $60, 160 At year-end, the following additional Information is available: 1. The balance of Prepaid Rent $5,760, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022 2. The balance of Deferred Revenue, $1,800, represents payment in advance from a customer. By the end of the year, $450 of the services have been provided. 3. An additional $600 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2022. 4. The balance of Supplies, $2,800, represents the amount of office supplies on hand at the beginning of the year of $1100 plus an additional $1,700 purchased throughout 2021. By the end of 2021, only $680 of supplies remains ca *** 9 2. Prepare an adjusted trial balance as of December 31, 2021. Answer is not complete. Part 2 of 2 Credit 5,760 2,800 DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Cash $ 8,800 Accounts Receivable 13,800 Prepaid Rent Supplies Deferred Revenue 1,800 x Salaries Payable 10,000 Common Stock Retained Earnings Service Revenue 43,560 Salaries Expense Rent Expense Supplies Expense Totals $ 77,960 4,800 29,000 42,360
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